Indicators

I have had many requests for my indicators that I used in the examples shown in  S & R and Indicators list in the categories to the left. I use them to filter impulsive projection targets and also for some retracement areas. I am now making them available for sale for MT4 users. Please see the details below.

HEW RSI

My own version of RSI is my favourite. It has several strong benefits above Welles Wilder's version:

- Within a trend it can retrace to the extreme (against the trend) to indicate a possible corrective extreme within the trend. The original Welles Wilder RSI tends to move into mid-range and provides no indication.
- Welles Wilder's RSI can spend a long period between the oversold and overbought region, not penetrating either extreme. Thus it fails to provide any indications. The swings in HEW RSI more often than not swing between the extremes.
- HEW RSI provides more consistent divergences.
- When used in a multiple time frame basis, divergences across two or three timeframe charts can strengthen the signals.
- When used in a multiple time frame basis, should (say) both hourly & 4-hour HEW RSI both be pointing lower in a bearish move (or both pointing higher in a bullish move) it invariably implies further move in the direction of the trend. Therefore it warns against going against the prevailing direction.

More information can be seen on:

USING DIVERGENCES TO CONFIRM TRADES
FILTERING OUT BAD TRADES
TRADE FILTERING WITHIN A HARMONIC ELLIOTT WAVE STRUCTURE

HEW PRICE EQUILIBRIUM CLOUD

I have long been fascinated with equilibrium levels. Finally I developed my own indicator to provide information on potential supports and resistance, mostly within trends and also for reversals. They must be used on a multiple time frame basis for effective use. They have several benefits and characteristics:

- A multi-variable measurement of price equilibrium that adjusts as price moves. 
- Tends to act as support or resistance in a trend.
- Best used on a multiple time frame basis.
- If the lower time frame Cloud breaks then the risk is for price to move to the next higher time frame Cloud.
- Assists in keeping in a trend and along with Harmonic Elliott Wave in providing a trailing stop loss. 
- Assists in providing confirmation of reversals by: a flattening of the lower time frame Cloud, followed by a breach and subsequent support/resistance of the next higher time frame Cloud. 
- By employing these multiple time frame Clouds along with swing highs/lows (and with Harmonic Elliott Wave support & resistance) it can assist in understanding when to add to medium term positions and to tighten stop losses.

More information can be seen on:

HEW PRICE EQUILIBRIUM CLOUDS


More information on combining indicators on a multiple time frame basis can be seen on:

ENHANCED INFORMATION FROM MULTIPLE INDICATORS

PURCHASE HEW INDICATORS


PRICE: US$199.00

Please use the button below to order these enhanced indicators. I will require your MT4 account number. Please contact me using the contact form on my website. Once received I shall send the indicators along with the instructions on installation and the HEW code that is required for them to be plotted. 


HEW ENHANCED INDICATORS

2 comments:

  1. Hello..... Is HARMONIC ELLIOTT WAVE with INDICATORS i want buy HARMONIC ELLIOTT WAVE ?

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  2. These indicators are not related to Harmonic Elliott Wave. The normal EW indicators you see where there are zigzag lines from peak to trough are basically useless. Normally these are based on moves from swing highs to swing lows etc. However, that's not how waves develop. Many wave endings are not swing highs or lows - and that even depends on what time frame chart is being used... Normally, with EW indicators the internal structure of the zigzags do not coincide with the implied wave count in the higher time frame chart. As I said, very illogical and basically useless.

    Also, I very much doubt that HEW can be programmed into a system and therefore it must be used manually with the spreadsheet (available for free on my website) and you must have a thorough understanding of how HEW works.


    The indicators are purely there to help guide the process of support / resistance and momentum. These must be used on multi-timeframe charts to help understand the momentum conditions.

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